05/01/2017 – Soybeans
July soybeans:
1. In recent Williams edge live meetings (including Friday, April 20) it was noted that daily closes above $9.53 in July soybeans should be bought for an advance to $9.65/$.70 initial profit target.
2. Subsequently, Friday’s session closed at $9.55 (above $9.53, indicating new long entry). Today’s (Monday, May 1) July soybean market completed the $9.65/$70 initial upside target (today’s session high $9.74, so far). This successfully completes the initial portion of the trade. A further ‘wildcard’ advance to $9.83/$85 remains possible into Thursday, May 4 (+/-1 day) as noted previously. Will message any further entry or indication in July soybeans.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.